Bitcoin Aleggia above $ 3,550 as Top Cryptos See reading losses

Tuesday, January 22nd – most of the 20 most important cryptocurrencies are recording losses from light to moderate on the day they went to press. The price of Bitcoin (BTC) is still above $ 3,550, according to Coin360 data.

Market display from Coin360

At the time of printing, Bitcoin is only down a fraction of the percent of the day, trading around $ 3.580. Looking at his weekly chart, the current price is about $ 100 less than $ 3,682, the price at which Bitcoin started the week.

Bitcoin 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is down slightly more than 1% of the day, trading around $ 0.317 at the time of printing. On the weekly chart, the current price is less than $ 0.331, the price at which XRP started the week – and down from $ 0.333, the highest of the week indicated on January 19th.

7 days price chart ripple. Source: CoinMarketCap

The second largest Ethereum altar (ETH) has seen its value decrease by about half a percentage point in the last 24 hours. At the time of printing, ETH is trading at $ 117, having started the day around the same price. The currency collapsed abruptly today a few hours before the print time of up to $ 114.

On the weekly chart, the current value of Ethereum is about 8.5 percent lower than $ 128, the price at which the currency began the week.

7-day chart of Ethereum. Source: CoinMarketCap

Among the first 20 cryptocurrencies, the currency that recorded the most notable price action is Tron (TRX), which is close to 3% of the day.

The combined market capitalization of all cryptocurrencies – currently around $ 119.5 billion – is less than $ 122.8 billion, the value reported a week ago. Even the total market capitalization has seen a sharp downward trend today, falling to $ 117 billion, before recovering value in the hours up to press time.

7-day chart of the total encrypted market. Source: CoinMarketCap

As recently reported by Cointelegraph, according to the research published by the Bank for International Settlement, the problems of Bitcoin can be solved only starting from a system of proof of work.